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U.S. Earmarks $504 Million to Back World’s Largest Hydrogen Hub

  • Developers for Utah project gain DOE conditional commitment
  • Hub to provide over 300 gigawatt-hours of clean energy a year
The Advanced Clean Energy Storage project is expected to be the world’s largest industrial green hydrogen production and storage facility.

The Advanced Clean Energy Storage project is expected to be the world’s largest industrial green hydrogen production and storage facility.

Source: Business Wire

The U.S. is backing a project to create the world’s largest hydrogen production and storage facility in Utah in a push to bring the clean-burning fuel into the mainstream.

The Energy Department issued a conditional commitment for up to $504.4 million in debt financing for a hydrogen hub planned for Delta, Utah that is designed to convert renewable energy into hydrogen, according to a statement Tuesday. Developers of the Advanced Clean Energy Storage Project, which is expected to start operating in 2025, include Mitsubishi Power Americas Inc. and Magnum Development LLC.